German American Bancorp Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
January 29, 2019 at 02:28 am
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German American Bancorp Inc. announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced net interest income was USD 32.983 million compared to USD 25.454 million a year ago. Net income was USD 10.980 million compared to USD 11.621 million a year ago. Basic earnings per share was USD 0.44 compared to USD 0.51 a year ago. For the full year, net interest income was USD 114.610 million compared to USD 99.909 million a year ago. Net income was USD 46.529 million compared to USD 40.676 million a year ago. Basic earnings per share was USD 1.99 compared to USD 1.77 a year ago.
German American Bancorp, Inc. is a financial holding company. The Company, through its banking subsidiary German American Bank, operates around 74 banking offices in 20 contiguous southern Indiana counties and 14 counties in Kentucky. Its segments include core banking and wealth management services. The core banking segment involves attracting deposits from the general public and using such funds to originate consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, primarily in the Companyâs local markets. The core banking segment also involves the sale of residential mortgage loans in the secondary market. The wealth management services segment involves providing trust, investment advisory, brokerage and retirement planning services to customers. It operates its insurance business throughout southern Indiana and Kentucky under the name German American Insurance - A Hilb Group Company.
GERMAN AMERICAN BANCORP, INC. 
